Jimei profit almost halved

Jimei International Entertainment Group Limited (Jimei) posted a significant drop of 45.8 per cent in profit for the first half of this year, according to the company’s filing posted on the Hong Kong Stock Exchange yesterday. Profit attributable to the owner of the company for this first half-year totalled HK$28.6 million (US$3.7 million) compared to HK$52.8 million in the same period of 2015.The company explained that the notable decline in profit was due to the rise in finance coasts of approximately HK$28.9 million during the period.